Asked by Candace Prince on Jul 22, 2024

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A freely functioning market

A) will always be efficient.
B) will fairly reward talent and punish the lazy.
C) cannot be made more efficient with government intervention.
D) maximizes freedom of choice.

Freely Functioning Market

A market where goods and services are traded without any restrictions or interventions from governments.

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and taxes.

Efficient

The optimal allocation of resources in a manner that maximizes output or outcomes without wasting any resources.

  • Digest the theories pertaining to market efficiency and equity.
  • Acquire knowledge on how government action addresses inefficiencies in the market.
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RR
Robert RodriguezJul 22, 2024
Final Answer :
D
Explanation :
A freely functioning market maximizes freedom of choice by allowing individuals to make their own economic decisions, such as what to buy or sell, based on their preferences and resources.